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Zinc Oxide Nanoparticles Market Is Projected To Experience An Impressive Growth Rate Of 8% Over The Forecast Period 2021-2031
Global Zinc Oxide Nanoparticles Market Size and Growth:The global zinc oxide nanoparticles market is poised to embark on a positive growth trajectory, expanding at a CAGR of ~7% during the forecast period (2020-2030). With the efficacy to offer broad spectrum protection in sunscreens against UVA and UVB (in the range of 320–400 nm), zinc oxide nanoparticles have emerged as the best choice of UV filters among sunscreen manufacturers.
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Impressive protection against pre-mature skin aging such as wrinkling and uneven pigmentation coupled with prevention against skin cancer have driven the consumption of zinc oxide nanoparticles in recent years. Further, its compatibility with other metal oxides such as titanium dioxide to improve UVB protection and to increase the sun protection factor will fuel the demand for zinc oxide nanoparticles.
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Zinc Oxide Nanoparticles Market Research by Application
Increasing concern around solar radiations and their side effects such as pre-mature skin aging, immune system suppression, and cancer have pushed consumers towards the usage of sunscreen products.
The highly beneficial zinc oxide nanoparticles properties make it an ideal ingredient in cosmaceutical applications. Consequently, these have become a part of daily use, personal care products and color cosmetics.
Zinc oxide nanoparticles, being a natural broad spectrum UV filter, have become an ideal ingredient in sun care products. For instance, according to BASF, in the last five years, products launched using zinc oxide nanoparticles in North America were 90% sun care products.
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Zinc Oxide Nanoparticles Market Research by Region
In East Asian countries, zinc oxide nanoparticles applications include skin care products which are used for tanning prevention, skin whitening and premature skin aging. Based on these trends, UV filters are being increasingly used across a range of skin care products, such as BB creams, makeup products, day creams, color cosmetics and lipsticks.
On the back of this scenario, the East Asia zinc oxide nanoparticles market is projected to experience an impressive growth rate of ~8% over the forecast period. However, North America is poised remain the leading consumer of zinc oxide nanoparticles accounting for over one third of the market share by 2030.
Zinc Oxide Nanoparticles Market: Segmentation
Fact.MR has segmented the zinc oxide nanoparticles market on the basis of production method, grade, function, application, and region.
Production Method
Direct Method (French Process)
Indirect Method (American process)
Grade
Coated (Surface Treated)
Uncoated
Function
UV Shielding Agent
Antibacterial and Antifungal Agent
Plastic Cross-linking Agent
Application
Cosmetics & Personal Care
Sun Care
Skin Care
Color Cosmetics
Others
Paints & Coatings
Polymers & Textiles
Others
Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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Zinc Oxide Nanoparticles Market Manufacturers – Key Strategies
The global zinc oxide nanoparticles market is partially consolidated in nature, in which the top six players accounted for over one third of the global production in 2019. ALTANA, EverZinc, BASF, Tata chemicals Ltd. are the key stakeholders. Under a targeted strategic approach, prominent players like BASF, ALTANA and Hakusui Tech Co., Ltd. have been involved in acquisition, production capacity expansions, and product launches in new markets.
Further, new entrants have made significant investments and focused on ramping up production lines to penetrate in the zinc oxide nanoparticles market. For instance, in 2019, EverZinc expanded its production capacity in Netherlands and BYK expanded its roots by opening up new business divisions in Shanghai.
For More Insights- https://www.einpresswire.com/article/557143001/worldwide-revenue-share-of-undercarriage-components-for-mini-excavators-is-expected-to-account-nearly-us-6-5-billion
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